In Greater Des Moines, 7.3%, or 1.2 million square feet, of the area’s 14.4 million square feet of retail space was vacant at the end of the 2020, according to a CBRE|Hubbell Commercial market survey. That’s a slight increase from the previous year when 5.9%, or 851,909 square feet, of retail space was vacant.
The Business Record recently talked with three area retail experts about how retail space in the Des Moines area is faring. The panel consisted of:
• Aaron Hyde, vice president, Jones Lang LaSalle Brokerage Inc. in Des Moines.
• Michael Smith, vice president, CBRE|Hubbell Commercial in West Des Moines.
• Harry Wolf, managing director, Buyers Realty Inc. in Des Moines.
Read the full article at the Business Record here.
Read all of the latest CBRE reports HERE.